By our reporter| The federal government on Wednesday explained why the country is unable to reach its target of 5,000 megawatts of electricity generation it promised. The country’s minister of…
Read More Why Nigeria can’t generate 5,000mw of power – FG
The Central Bank of Nigeria (CBN) has directed banks to increase the minimum interest rate payable on savings deposits from 10 percent to 30 percent of the monetary policy rate…
Read More Bank customers to earn more as CBN increases interest on savings deposits to 4.2%
The federal government “can borrow from here to eternity”, the national chairman of the ruling All Progressive Congress (APC) Abdullahi Adamu has said. Adamu, who stated this while speaking on…
Read More Nigeria can borrow till eternity to fund infrastructure, says APC chairman Adamu
President Muhammadu Buhari is expected to present the 2023 appropriation to the National Assembly in September. The director general, budget office of the federation, Ben Akabueze, disclosed this on Monday…
Read More Buhari to present 2023 budget bill in September
By our reporter| Nigeria’s Consumer Price Index (CPI), which measures the level of price change in goods and services, hit 19.64 percent in July 2022 from the 18.60 percent recorded…
Read More No respite for consumers as inflation rate surges to 19.64%